| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $629M | $511M | $585M | 23.0% | 7.4% |
| Op. Income | $93M | $54M | -$3M | 72.2% | 3722.9% |
| Gross Margin | 73.5% | 76.1% | 79.7% | -2.6pp | -6.2pp |
| Net Margin | 3.9% | -1.8% | -22.7% | 5.7pp | 26.6pp |
| EPS (Diluted) | $0.15 | $-0.06 | $-3.93 | 366.4% | 103.8% |
| Free Cash Flow | $188M | -$105M | $85M | 279.4% | 121.3% |
| Item | Amount |
|---|---|
| REVENUE | $629M |
| Cost of Revenue | $167M |
| GROSS PROFIT | $462M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $284M |
| Other Expenses | $85M |
| Operating Expenses | $369M |
| Cost & Expenses | $536M |
| OPERATING INCOME | $93M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $79M |
| EBIT | $99M |
| EBITDA | $178M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $629M |
| Cost of Revenue | $167M |
| GROSS PROFIT | $462M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $284M |
| Other Expenses | $85M |
| Operating Expenses | $369M |
| Cost & Expenses | $536M |
| OPERATING INCOME | $93M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $79M |
| EBIT | $99M |
| EBITDA | $178M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $119M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $389M |
| Change in Working Capital | -$329M |
| OPERATING CASH FLOW | $204M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$135M |
| NET CASH FROM FINANCING | -$135M |
| FREE CASH FLOW | $188M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $207M |
| Short-Term Investments | $0 |
| Net Receivables | $707M |
| Inventory | $170M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $198M |
| Goodwill | $2.9B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $417M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $126M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $938M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $928M |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$583M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $977M |
| Minority Interest | $0 |
| TOTAL EQUITY | $977M |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $3.6B |
| Net Debt | $3.4B |
